Also visible in this story is the specific meshing of state and business aims through neoliberal governance, a meshing that exceeds the interlocking directorates or quid pro quo arrangements familiar from past iterations of capitalism. The project of the state is to facilitate economic growth and a strong investment climate, not the well-being of a particular sector or people, and the project of capital is to generate such growth, though it also absorbs into itself the broader purposes and ethics previously provisioned elsewhere. And so a series of historical transpositions unfolds in neoliberal governance: business devotes itself to local development as government devotes itself to global positioning; governments negotiate contracts as firms become educators; government concerns itself with the investment climate, business concerns itself with ethics; government prioritizes economic growth, credit ratings, and global economic positioning while business represents the interests of the needy or underserved.

Wendy Brown, Undoing the Demos, loc. 294